Following the announcement of GE14, the FBM KLCI advanced for the fourth straight session as the key index closed at an intraday high of 1,860.98 pts yesterday. The MACD Histogram has extended another green bar, while the RSI is treading marginally below 50. Resistance will be pegged around the 1,880- 1,890 levels. Support will be set around the 1,840 level.

MUHIBAH has experienced a trendline breakout above the RM3.07 level accompanied by rising volumes. The MACD Indicator has issued a BUY Signal, while the RSI has risen above 50. Price may advance, targeting the RM3.35 and RM3.52 levels. Support will be set around the RM2.92 level.

AAX has extended its gains to close above the EMA20 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Monitor for a trendline breakout above the RM0.385 level, targeting the RM0.42-RM0.45 levels. Support will be anchored around the RM0.365 level.

SIME has experienced a consolidation breakout above the RM2.69 level accompanied by rising volumes. The MACD Histogram has extended another green bar, while the RSI is above 50. Price may rally, targeting the RM3.06-RM3.25 levels. Support will be anchored around the RM2.51 level.

Source: Mplus Research - 11 Apr 2018